Interested in getting into forex trading, how do i start? -

i am a beginner, and would like to find out how to learn more about forex trading, where to start, how to do some practice trades... You have to educate yourself on the basics and read whatever you can. Find some good books and try out some systems if you wish. Then open an account with a broker which allows you to paper trade. Practice until you are satisfied. Don t jump in. When you feel you re ready, try small trades until you are confident. That way your loss is small. But at all times of trading, always be aware of your risks and manage your risk well. That way you will not lose everything and in the long run you will make. Jul L, I would recommend you to start involving in Forex through the demo platforms provided by the Forex brokers. Do not invest any real money because without any prior knowledge and analytical skill, you will definitely lose money in the market. Currently, I have completed a free 7 days beginner course. The course is very useful and provides a good introduction to the Forex market and basic analytical skills. I m moving on to the advanced course soon. If you are interested in following the same course and get some basic knowledge on Forex, you can visit the website below. However, I think that the place is limited. There is a new round I think. But if you cannot reserve a place, try to email them to ask them to put you in queue in the future. Do you see the profit potential in trading currencies, but learning to trade just seems too daunting? Have you watched with excitement the recent crashing of the value of the USD, but simply don t know how to get started trading? While it is simple to begin trading Forex online, maintaining profitability in the long term is no easy task. You have probably heard that 90% of Forex traders lose their money in the long term. If indeed this is true, it is the result of a couple of different factors. Overtrading: Each trade costs you a couple of pips - Consider your trades well before you make them. Each faulty trade, even if exited quickly, drains equity. Bad money management: One bad trade can wipe out a year of patient, smart trading. Manage your risk using stop loss orders, so that you never risk too high a percentage of your equity on any one single trade. Lack of knowledge: If you have never traded Forex before, educate yourself! Successful traders are not born that way. The difference between success and failure in the Forex market depends in no small part on the knowledge and education of a trader. For the beginning trader, a proper education is essential before investing in the Foreign Exchange. Find a program you are comfortable with, and begin practicing on a demo account. Trading on the foreign exchange offers unparalleled opportunities for profit, but it is also extremely risky. Make sure you know what you are getting into before you start trading, and start trading only when you are comfortable in your knowledge and ability. ...For more information about FOREX Trading, Go Here: http://smoky8.livejournal.com/ My Recommended Forex Trading System: http://www.urlpire.com/?MALFY I could see your interest in this trade. You must understand that forex trading involves substantial risk, however, with proper research and guidance you can overcome the odds. you might as well check out your options in this site. First, register to get a free Ebook. You must read and learn all you need to learn from the book. You can even get a Free Demo account so you can practice virtual trading before you get in to the actual business itself. The best part in this site is, if you register as a trader, you can avail of the services of a personal Account Service Manager with whom you can TALK LIVE via phone, email or chat. Nothing beats the advise you can get from a real live person expert in the field who will guide you, teach you and trade along with you. For a minimum deposit of $100 you can start trading immediately and you can use your Credit Card to fund your account. further, for your protection, they can even set your Stop Loss rates so that you can earn unlimited gains but not lose more than your authorized amount. first, dont use real money, open demo account and keep practise + learning here s good forex learning amp; tools resources http://forexperfect.com/free-forex-indic... you can ask anything related to forex : http://forum.forexperfect.com You re a beginner?? Me too! I ve been trading for 2 years, but I m still lost in the open. The best way to learn is to do some paper trading. You can open a demo account at oanda.com for free. If you are in the Western Hemisphere, prepared to be trading at night, because the markets don t really move during U.S. hours. You want to trade together?? So far I m only average 5-10 percent a week. If you want here s my email. nliang@luc.edu. We can talk more on yahoo messenger later. Yes...I have always wondered this as well.... I heard some people have computers which just make all their Forex trades for them...more like...big buisnesses and banks buy computers from people which do this and basically it just converts back and forth for hours on end and pumps out money... A legal money making machine.... It was on National Public Radio like 7 months ago....haha. there s a great place that I found doing research that will show you exactly how to get started and will coach you through the process for free. i think the site is http://dailyfxcoach.com Start by accuring a lot of money. Then be prepared to have that money tied up for a long time. Check out Futures and Forwards if you have the money or the friends. Take a wad of ￡10 notes pout of your pocket and set fire to them .. this will teach you how easy it is to loose money Forex trading ..